Global Sodium Permanganate market will reach 74 million US$ by the end of 2025

Global Sodium Permanganate market will reach 74 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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• Sodium permanganate is the inorganic compound with the formula NaMnO4. It is a purplish colored crystalline solid.

Sodium permanganate is a more convenient and concentrated form of permanganate when used for electronics and organic oxidation of fine chemicals and pharmaceuticals. It is also an effective oxidant recommended for potable drinking water applications including iron removal, manganese removal, mercaptan odor control, color reduction, and radium reduction.

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• Sodium permanganate is mainly used for water treatment, electronics and fine chemicals & pharmaceuticals. Electronics are the most important application. In 2017, electronics application holds 36.2% of the consumption market share.

Sodium permanganate can be used in any application where potassium permanganate is used but, because sodium permanganate, on a dry basis, is substantially more expensive than potassium permanganate, its uses are limited to those applications for which the customer is willing to pay a premium for sodium permanganate because of its advantages.

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Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate. In the globe, emerging economies countries support water treatment industry and electronics industry.

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The global Sodium Permanganate market is valued at 54 million US$ in 2017 and will reach 74 million US$ by the end of 2025, growing at a CAGR of 4.0% during 2018-2025.

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